Internal Revenue Service IRS and Department of the Treasury issue guidance on requirements to qualify for the domestic content bonus tax credit under PTC
NOTE: This blog post is intended for educational purposes only. Relevant parties should consider consulting a tax professional should any questions arise. Elective pay, also commonly referred to as “direct pay,” is a new mechanism included in.
On May 12, 2023, the IRS and the Department of the Treasury issued highly anticipated guidance regarding the requirements to satisfy the domestic content bonus tax credit provisions for investment tax credits under .